SevOne Secures New Financing

  • Feed Type
  • Date
    1/15/2013
  • Company Name
    SevOne
  • Mailing Address
    4550 New Linden Hill Rd. Wilmington, DE 9808
  • Company Description
    SevOne offers scalable, easy to use Network Management products. Integrating performance and fault management in an easy to install and maintain appliance, SevOne brings low TCO and high ROI to companies of all sizes and industries. Designed by network engineers for network engineers, SevOne NMS offers the advanced features you needed to manage today’s complex infrastructure coupled with the ease of use to make your job easier.
  • Website
    http://www.sevone.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    Undisclosed
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The gross amount of the transaction was $150 million, but company CEO Michael Phelan said that much of the cash will buy out existing investments in the company. Therefore, the amount of new investment is unknown.
  • M&A Terms
  • Venture Investor
    Bain Capital Ventures